A series of measures focusing on the hot spots of economic development by multiple ministries and commissions
2023-03-28
The 2023 annual meeting of the China Development Forum was held in Beijing from March 25 to 27. During the meeting, centering on hot topics such as China's economic development trend, supporting scientific and technological innovation, improving the resilience and safety level of the industrial chain supply chain, expanding the opening up to the outside world, and green and low-carbon transformation, Zheng Zhajie, Director of the National Development and Reform Commission, Liu Kun, Minister of Finance, Jin Zhuanglong, Minister of Industry and Information Technology, Wang Wentao, Minister of Commerce, and Zhao Yingmin, Vice Minister of the Ministry of Ecological Environment, respectively "explored" the next relevant measures of their respective departments. Zheng Gejie: Continue to expand domestic demand and steadily promote the construction of a high standard market system. Zheng Gejie stated that in the decade of the new era, China's economy has withstood numerous risks and challenges, achieved historic achievements, and undergone historic changes. The current trend of China's economic development is stable and progressing, with overall improvement. He said that from the current situation, since this year, China's economy has continued to rebound and its growth momentum has continuously strengthened. From the perspective of supply, there has been a steady improvement, agriculture has remained stable, industrial growth has accelerated, and the service industry has recovered strongly. Accommodation and catering have increased by 11.6% year-on-year, while software and information technology services have increased by 9.3%. From the perspective of demand, there was a steady recovery. The total retail sales of consumer goods increased by 3.5%. The pent up demand for service consumption in the early stage recovered rapidly, and fixed assets investment increased by 5.5%. While domestic demand accelerated its recovery, exports overcame numerous difficulties and increased by 0.9%. From the perspective of confidence, there has been a steady increase. In February, both the manufacturing purchasing managers' index and the non manufacturing business activity index reached new highs in recent years, and market expectations have improved significantly. Zheng Zhajie expressed that this year, China will make efforts to innovate and improve macroeconomic regulation, comprehensively deepen reform and opening up, and other aspects, promote the continuous overall improvement of economic performance, and achieve effective improvement in "quality" and reasonable growth in "quantity". In terms of innovating and improving macroeconomic regulation, he emphasized that China will continue to expand domestic demand, strengthen the coordination of fiscal, monetary, employment, industrial, investment, consumption, and other policies, and form a joint force to jointly promote high-quality development. Give full play to the fundamental role of consumption in economic growth, actively expand effective investment, and vigorously and orderly promote the construction of 102 major projects in the "14th Five Year Plan" and other major economic and social projects. Encourage and support the healthy development of social investment. In comprehensively deepening reform and opening up, he stated that it is necessary to solidly promote the construction of a high standard market system, create a market-oriented, legalized, and internationalized first-class business environment, and implement a high level of opening up to the outside world; Reasonably reduce the negative list of foreign capital access, implement the national treatment of foreign-funded enterprises in a high standard, promote the stability of the scale and structure of foreign trade, and promote the high-quality development of the "the Belt and Road". Liu Kun: Continue to give priority to supporting scientific and technological innovation. Liu Kun stated that China's investment in innovation and research and development is still in a high-speed growth channel, and the Ministry of Finance will continue to give priority to supporting scientific and technological innovation. Regarding how to support scientific and technological innovation, Liu Kun said that the Ministry of Finance will increase investment, improve management efficiency, better play the main role of enterprises in scientific and technological innovation, enhance the deep integration of innovation chains and industrial chains, adhere to the focus of economic development on the real economy, implement sound fiscal and tax support policies, and promote traditional industries
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：Shanghai Securities Dairy
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